Earnings Call Summary | Virtus Investment(VRTS.US) Q1 2024 Earnings Conference
Earnings Call Summary | Virtus Investment(VRTS.US) Q1 2024 Earnings Conference
The following is a summary of the Virtus Investment Partners, Inc. (VRTS) Q1 2024 Earnings Call Transcript:
以下是Virtus Investment Partners, Inc.（VRTS）2024年第一季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
Virtus Investment Partners reported assets under management (AUM) of $179 billion in Q1, primarily due to positive stock market performance and net flows in retail separate accounts.
The company has seen a sales increase of 22% to $7.6 billion, achieving growth in all product categories.
There is an improvement in their net outflows, reporting $1.2 billion in opposition to their previous quarter's $3.8 billion.
Equally, operating income has seen an increase of 5%, excluding seasonal employment expenses, with adjusted earnings per share rising 29% YoY.
Over the past year, Virtus repurchased 2% of its shares, raised its quarterly dividend by 15%, augmented its product capabilities through a strategic acquisition, and maintained a net leverage below 0.5x.
Virtus Investment Partners报告称，第一季度管理的资产（AUM）为1790亿美元，这主要归因于积极的股市表现和零售独立账户的净流量。
该公司的销售额增长了22％，达到76亿美元，实现了所有产品类别的增长。
他们的净流出量有所改善，报告为12亿美元，而上一季度的净流出量为38亿美元。
同样，不包括季节性就业支出，营业收入增长了5％，调整后的每股收益同比增长了29％。
在过去的一年中，Virtus回购了2％的股票，将季度股息提高了15％，通过战略收购增强了产品能力，并将净杠杆率维持在0.5倍以下。
Business Progress:
业务进展：
Virtus has seen increases in both retail and institutional sales due to their diverse product offerings, compelling investment performance and effective distribution.
Additionally, they celebrated receiving a top-five fund family ranking for all periods in 2023's Barron performance review, including 5 and 10-year periods.
The firm is planning a balanced approach to capital management to support their growth, continued returns to shareholders and maintaining appropriate leverage levels.
They continue to explore potential growth in active ETFs, especially in fixed income and less correlated strategies.
Virtus continues exploring partnership opportunities that would create long-term shareholder value, and they are also considering various opportunities for their fixed-income strategies in the higher-for-longer environment.
Virtus的零售和机构销售均有所增长，这要归因于其多样化的产品供应、引人注目的投资业绩和有效的分销。
此外，他们庆祝在2023年巴伦业绩评估中所有时期（包括5年期和10年期）均获得前五名基金家族排名。
该公司正在计划采取平衡的资本管理方法，以支持其增长、持续的股东回报并维持适当的杠杆水平。
他们继续探索活跃交易所买卖基金的潜在增长，尤其是固定收益和相关性较低的策略。
Virtus继续探索能够创造长期股东价值的合作机会，他们也在考虑在长期较高的环境中为固定收益策略提供各种机会。
More details: Virtus Investment IR
更多详情： Virtus 投资投资者关系
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：本文由 AI 生成。无法完全保证内容的准确性。欲了解更多详情，请访问投资者关系网站。本文仅供投资者参考，不构成任何投资建议。